Cloud Hosting Software Vendor VMware Nominates Former Microsoft Executive as CFO of the Company

Cloud Hosting Vendor VMware Nominates CFO

Cloud Hosting Vendor VMware Nominates CFO on Oct 28, 2012:Former C level executive of Microsoft Mr. Jonathan Chadwick has been nominated as the chief finance officer at VMware cloud hosting software and virtualization vendor. This announcement was made to public by the company management on Tuesday October 23, 2012. The announcement was made along with the financial results of third quarter 2013. This move came after few months of the nomination of Mr. Pat Gelsinger as the chief executive officer; he has been the president and chief operating officer at EMC information infrastructure products.

It was further stated that Mr. Chadwick will resume at the position of Mr. Mark Peek, who left the company in June 2012; he was serving as CFO at that time. This was informed through press release statement.

Mr. Chadwick possesses a vast experience in many giant corporations like Cisco systems, Microsoft, McAfee, and Skype. He has served as CFO of McAfee and Skype companies while he worked as on different financial roles in Cisco systems. Mr. Chadwick would directly report to new CEO of the company Mr. Gelsinger who taken over the charges few months back.

In the press release statement, Mr. Gelsinger, the chief executive officer of VMware said, “As we refine and accelerate VMware’s market and innovation strategy, we are squarely focused on delivering increasing value to our customers and shareholders. Jonathan’s tremendous talent and experience in financial controls, business operations and strategic planning will be foundational to these efforts, and we warmly welcome him to the leadership team.”

Press release further states about the financial results of Q3 that the revenue of the company has risen substantially during third quarter of fiscal year 2012. As per results company recorded a growth of 20% in its total revenue; while the total income of the quarter reached at $157 million.